Price for Steel, Alloy; Angles, Shapes and Sections in Qatar - 2023
Contents:
- Price for Steel, Alloy; Angles, Shapes and Sections in Qatar (CIF) - 2023
- Imports of Steel, Alloy; Angles, Shapes and Sections in Qatar
Price for Steel, Alloy; Angles, Shapes and Sections in Qatar (CIF) - 2023
In December 2023, the average import price for steel, alloy; angles, shapes and sectionses amounted to $933 per ton, dropping by -4.2% against the previous month. Over the period under review, the import price, however, showed mild growth. The most prominent rate of growth was recorded in October 2023 an increase of 131% m-o-m. As a result, import price reached the peak level of $1,782 per ton. From November 2023 to December 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was the United Arab Emirates ($1,714 per ton), while the price for China ($613 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Steel, Alloy; Angles, Shapes and Sections in Qatar
For the third consecutive year, Qatar recorded decline in overseas purchases of steel, alloy; angles, shapes and sectionses, which decreased by -24.7% to 2.9K tons in 2022. Overall, imports saw a abrupt descent. The smallest decline of -6.3% was in 2020.
In value terms, imports of steel, alloy; angles, shapes and sectionses expanded slightly to $2.8M in 2022. Over the period under review, imports showed a noticeable setback. The most prominent rate of growth was recorded in 2021 with an increase of 10%.
| Import of Steel, Alloy; Angles, Shapes and Sections in Qatar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kuwait | N/A | N/A | N/A | 1.5 | 0% |
| China | 2.6 | 2.3 | 2.7 | 1.1 | -24.9% |
| Oman | N/A | 0.1 | N/A | 0.2 | 41.4% |
| Others | 0.4 | 0.1 | N/A | N/A | -75.0% |
| Total | 3.0 | 2.4 | 2.7 | 2.8 | -2.3% |
Top Suppliers of Steel, Alloy; Angles, Shapes and Sections to Qatar in 2022:
- Kuwait (1494.2 tons)
- China (1377.6 tons)
- Oman (60.7 tons)
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